BUZZ-Street View: All eyes on PayPal's new CEO for turnaround strategy

Reuters02-04 18:05
BUZZ-Street View: All eyes on <a href="https://laohu8.com/S/PYPL">PayPal</a>'s new CEO for turnaround strategy

** PayPal PYPL.O announced on Tuesday that HP's Enrique Lores would replace current CEO Alex Chriss, who was brought in to steer the payments firm through slowing growth and heightened competition

** Co simultaneously issued a lackluster profit forecast for 2026

** Median PT of 44 brokerages covering the stock is $56.50 - LSEG-compiled data

CHRISS OUT, LORES IN

** J.P. Morgan ("neutral," PT: $46) sees Lores' appointment as a "creative decision" given his role in turning around legacy assets at HP (including leading the split of HP in 2015)

** TD Cowen ("hold," PT: $48) believes Lores' position on PayPal's board, before his appointment as CEO, will ensure smooth transition and continuity in PYPL's strategic priorities and 2026 operating plan

** Morningstar (fair value: $80) says Lores' experience managing a tech company and familiarity with PayPal's workings could boost growth in a shorter timeline

** Canaccord Genuity ("hold," PT: $42) sees platform consolidation and wallet-driven checkout reshaping consumer behavior; "the checkout with PayPal button is under pressure," Canaccord analysts say

(Reporting by Kanchana Chakravarty in Bengaluru)

((Kanchana.Chakravarty@thomsonreuters.com))

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